Monday, January 31, 2011
in ET Now
in Bloomberg TV
He is an American economist and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is also the former Senior Vice President and Chief Economist of the World Bank.Nobel prize-winning economics professor Joseph Stiglitz speaks to Axel Threlfall of Reuters Insider about the major themes of this year's World Economic Forum gathering in Davos, Switzerland.
Sunday, January 30, 2011
in ET Now
Marc Faber : "....It was not entirely unexpected to me because since March 2009, emerging markets have significantly outperformed developed ones and through easy monetary policies in the US, we created bubbles in the emerging economies, particularly in terms of inflation. So, the emerging economies, having this excessive liquidity and high inflation, have to tighten here, or let inflation go and have problems later on. So some money is flowing out of emerging economies. ..."
via ET Now
Saturday, January 29, 2011
Full interview with Bloomberg on 01/25/11 below :
Friday, January 28, 2011
Thursday, January 27, 2011
Wednesday, January 26, 2011
The notion of a "new normal" is premature given the fragility of the global economy, but the elements of a new economic reality appear to now be in place.
In partnership with the World Economic Forum, Time magazine hosts this debate focusing on the elements of the new economic reality.
• Azim Premji, Chairman, Wipro, India
• Nouriel Roubini, Professor of Economics and International Business, Leonard N. Stern School of Business, New York University, USA; Global Agenda Council on Fiscal Crises
• Sir Martin Sorrell, Chief Executive Officer, WPP, United Kingdom
• James S. Turley, Chairman and Chief Executive Officer, Ernst & Young, USA
• Min Zhu, Special Adviser, International Monetary Fund (IMF), Washington DC; Member of the Foundation Board of the World Economic Forum; Regional Agenda Council on China
• Michael J. Elliott, Editor, Time International, and Deputy Managing Editor, Time Magazine, USA
Miller and Carol Massar on Bloomberg Television's "Street Smart."
Marc Faber : well I was very critical of Mr Bush but at least he had one line and he sticked to that line , he set out to do a scene and he was relatively straight on that scene that he did , he may have been wrong and I criticized him very frequently but at least he did not change his mind continuously and even prostitute himself ...we foreigners we just laugh , we just laugh at someone like president Obama ...well if you want me to be honest I think he has done a horrible job and I think that will continue I think he is basically a dishonest person and change ?!?! nothing has changed ...let's change the subject from politics to actually economics and to investment markets because in three days I have to go to the United States I do not want to be hasseled at the border
Marc Faber appeared on Bloomberg TV, in what may go down in history as his most scandalous interview ever.
Faber, who appears to have had enough with all the bullshit, propaganda, and lies, replies: Ben Bernanke should be disposed, and as for the president, "I think he's done a horrible job and I think that will continue, I think he is a dishonest person, and nothing has changed"...
Some politicians are more honest than others. I don't think that I have a very high regard for politicians, I have a high regard for businessmen and for people who work, and not for people who abuse the system continuously.
In comparison to other politicians, I think he came in on a platform as a president that would want to change the government in Washington, and actually he's made it worse...
We foreigners, we just laugh at someone like Mr. Obama.I agree with Marc .. Obama has done a horrible job and it will only get worse .. Good luck at the U.S. Customs and Boarder Service, Marc!
Tuesday, January 25, 2011
Monday, January 24, 2011
Stiglitz discusses "Creating a Learning Society: An Agenda for Dynamic Societies in Uncertain Times"
Sunday, January 23, 2011
Gold was the investment of the last decade Silver is the Investment of this decade says Eric Sprott ...BUY THE SILVER NOW!..David Morgan and Eric Sprott discuss the gold to silver ratio. and much much more ...Eric Sprott is very well informed. The 3 men he listed, Ted Butler, Dave Morgan and Jason Hommel are among the smartest guys in the room when it comes to silver. The only guys you could add to that list would be James Turk, Adrian Douglas and Mike Maloney.
Saturday, January 22, 2011
Blouin Creative Leadership Summit
September 23, 2010
Matthew Bishop, US Business Editor and New York Bureau Chief, The Economist
Dr. Charles Calomiris, Henry Kaufman Professor of Financial Institutions, Columbia University Graduate School of Business
Joseph Wambia, CEO and Chief Investment Officer, WambiaCapital
Dr, Paul Wilmott, Founder, Wilmott.com
Josh Wolfe, Co-Founder and Managing Partner, Lux Capital
The global financial crisis was caused not only by insufficient financial regulation, but through misconceptions of the very models and instruments used to manage risk and price assets. What new models of risk need to be taken on by banks post financial crisis? How can banks continue to take risk and therefore maximize both shareholder and client value without causing systematic risk for the financial sector as a whole? Is regulation or innovation the answer?
Friday, January 21, 2011
Thursday, January 20, 2011
But for me, I like Asian real estate, I like equities in Asia, I still like precious metals and I like in particular physical precious metals. I also own gold shares because I am the chairman of several resource related companies, mining companies in the exploration domain and so I own them. But my preference is for physical gold and silver and then I own real estate and I have some bonds not because I particularly like bonds, but I look at corporate bonds as kind of an equity with a relatively high dividend. ..."
Chair: Professor Arne Westad
This event was recorded on 18 January 2011 in Old Theatre, Old Building
'Nixon goes to China' shattered the façade of Communist unity and dug the United States out of the hole it found itself in at the end of the 1960s. Critics have seen Nixon and Kissinger's policy as morally compromised, but was it actually the key to America's victory in the Cold War? Niall Ferguson is Philippe Roman Chair in History and International Affairs at LSE IDEAS for 2010-11.
Marc Faber : the dynamics in Oil Market between the demand and the supply look quite promising in the long run
On the other hand, you have prices between $70 and $80 and someone could argue well that that is a very high price and so maybe prices will temporarily decline - that may be the case. But I would like to point out that for any oil company to go and explore and drill for new oil, the oil price has to be around $70. Otherwise, they would not do it because the marginal cost of new production is around this level.
Secondly, unlike say a farmer who harvests, oil is a finite resource in the sense that once you pump it and you burn it, it is no longer there. The farmer can harvest his crop every year again and again and again. In the case of oil, once you pump it, it is gone and you use it. So in most countries, oil production is going down and oil reserves are going down. In other words, the world will hit one day peak oil, the way the US hit peak oil in 1970. So the dynamics between the demand and the supply side look actually quite promising in the long run. ..." via www.economictimes.indiatimes.com
Wednesday, January 19, 2011
Moneris carries merchant supplies including
POS Terminals and processing equipment.
Tuesday, January 18, 2011
Monday, January 17, 2011
Marc Faber : "..... I think that the government’s intervention into the free Market created the problems in the first place and we certainly have to view the Federal Reserve as having intervened into the free markets by keeping interest rates artificially low for far too long between 2000 and 2007. So their intervention at the present time is actually nothing new, it’s just larger in terms of scale and if you go back to the Federal Reserve starting with the early ‘80s, each intervention whether it was flooding the system with liquidity to save the S&L institutions or save Mexico in the Tequila crisis or LTCM in 1998 and so each intervention became larger and larger and created more misallocation of capital. And I think this will also be the case today." says famed contrarian investor Dr. Marc Faber in an interview he gave to ChrisMartenson.com this week.
Click here to listen to Chris' interview with Marc Faber
Read the Transcript of the Podcast at www.chrismartenson.com
The Global Poverty Summit is taking place in Johannesburg until Wednesday and it comes at a time when emerging markets, including many in Africa, are showing a much faster recovery from the global financial crisis than their developed market peers.
Professor Joseph Stiglitz, Nobel Laureate and former World Bank economist, is in South Africa for the Summit and he joins us now in studio. Joining ABN also is this evening's guest host, Gina Schoeman, who's Absa Capital's Lead Economist on South Africa.
Sunday, January 16, 2011
Saturday, January 15, 2011
recorded on January 15th 2011
Friday, January 14, 2011
Thursday, January 13, 2011
The major influences on Keen's thinkig about economics include Hyman Minsky, Piero Sraffa, Joseph Alois Schumpeter, and Francois Quesnay. His recent work mostly concentrates on mathematical modeling and simulation of financial instability.
Everyone should read Matt Taibbi's "Griftopia." , just when you thought you had figured out how much corruption there is in Washington and Wall Street, you find out you "ain't seen nothing yet."
The end result according to Williams? A hyperinflationary depression.
John Williams Shadow Government Statistics is a monthly electronic newsletter that exposes and analyzes the flaws in current U.S. Government data and reporting, as well as in certain private-sector numbers. It also looks at the financial markets free of the hype so often put forth in the popular financial media. Generally published on the second Wednesday of the month, the newsletter is supplemented by Flash Updates and occasional Alerts that highlight unusual developments. The publication includes regular analysis of:
* The prior month's reporting (employment/unemployment, CPI, GDP, retail sales, housing statistics, factory orders, trade balance, consumer confidence, purchasing managers' survey and others) including estimates of actual results net of any reporting biases.
* The coming month's reporting, highlighting unusual circumstances and biases that could bring results in above or below market expectations.
* Economic series that are relatively free of reporting biases and what they indicate about the economy and inflation.
* Special features detailing the background of government series not previously explored in the newsletter, along with updates to changes in reporting methodologies for all major series.
*Markets Perspective -- part of the regular newsletter -- where the financial markets are assessed net of ongoing hype from Wall Street, the Federal Reserve and the Administration.
* Alternate Data Series -- covering the CPI, GDP and a continuing version of the discontinued M3 series -- are available for downloading by subscribers.
Subscription Rates: $89.00 for six months, $175.00 for twelve months.
Wednesday, January 12, 2011
food prices are going up here like crazy they're not just goin up by 10% in a lot of cases its an 100% increase or more,im not even going to mention petrol,diesel,gas & electric,well i suppose i just have mentioned them,the sickening thing is all of the utilities companies will all post record profits this year just like last year & our leaders do nothing about it at all,
Food Prices Rise Higher Than Ever As Globalists Predict Food Riots
Food skyrockets to highest prices ever
Food Riots Begin
'One poor harvest away from chaos'
Food Prices Will Rise For Years
The Bitter Bite of Winter, Food Shortages Coming?
Sarkozy takes G20 case to Obama as food prices soar
Gwynne Dyer: The future of food riots
UN Notes Sharp Rise In Food Prices
Rapid Climate Change: Cold, Snow, And Food Inflation
All Evidence Points To a Dramatic Increase In Food Prices Worldwide
You Are Being Warned! Freezing Temps May Lead To Food Shortages Worldwide
JPMorgan: Rising Food Prices Fuelling Inflation
Seven Reasons Why Food Shortages Will Become A Global Crisis
The Great Food Crisis Of 2011
PART 2 Audasity : The debate over stimulus, or Keynesian economics, opposed to austerity measures has been debated ad nauseam. Camera Tricks This is a compilation of cuts that reflect part of the debate by perceived experts in economic theory. Paul Krugman is a Nobel Prize winning author and economist for the New York Times. Niall Ferguson is a Harvard Professor in economics. The two make arguments in favor of their view of economic theory.
Since August 2009 Prechter is Bearish . In January 2010 he recommended to short the matket using the tripple short funds,
Tuesday, January 11, 2011
Marc Faber : the Stimulus money went into speculation in commodities and in equities not into job creation
Market strategist and contrarian investor, Marc Faber editor and publisher, "The Gloom, Boom, & Doom Report" from Vancouver interviewed by Pat Bolland of the Canadian BNN , he talks about the economy and his outlook for investment markets
Monday, January 10, 2011
Sunday, January 9, 2011
Joseph Stiglitz, Nobel Laureate in Economics, attended a conference on the crisis in Paris. He gives his analysis on the debt of the states and Western Europe.
Nobody seems to be pointing out that the US is fighting 3 battles here - (1) market crash caused by corporate criminals in power, still to be arrested, (2) Free-trade agreements that drained the US middle class of Jobs, and allowed US multinationals to profit greatly on cheap Chinese labor, and (3) The credit / housing bubble that compensated US mainstreet for lack of jobs until it exploded!, thanks to inept polices by the Clinton and Bush adminstrations! 2 & 3 still to be FIXED!!
Paulsen has been bullish going back years. He's always been one to see through rose colored glasses. You could turn it around and say that David Rosenberg is a chronic bear. The problem is that David Rosenberg has been right. He predicted the meltdown and bear market and has been dead on about deflation and bonds being a superior investment. Where I think David Rosenberg may end up being wrong is underestimating Ben Bernanke. I think we end up with hyperinflation. Rosenberg is deflation.what is new is to discover that all nations are willing to have a currency-war debasing all major currencies as a direct and unavoidable response to the job-collapses of free-trade. The consumers are all broke because all their jobs are gone and this problem is PERMANENT. IRREVERSIBLE. Global depression is 100% assured at this point.
Saturday, January 8, 2011
The USA has lost control of it's debts, with President Obama not cutting spending in any meaningful way, and the military spending and "TSA" spending - the biggest drain, continues upwards.
The question is, how much longer will China and net creditors continue to bankroll the wasteful spending, and if the USA will default on it's debts, further crippling it's economy.
You have to say, the USA has bought the predicament onto itself. They are one of a few countries that actually believe in the Keynesian Economics theory of pissing money up a wall in a recession, when you don't actually have any money. Printing money from thin air has made the situation FAR worse, and bailing out the corrupt and insolvent banks was a disaster - they should have been forced to collapse.
The UK got rid of one great fan of Keynesian economics, Gordon Brown, now the USA MUST get rid of Pres. Obama at the next election, or there will be no USA to speak of economically - no matter if they are seen still by suckers as a world reserve currency.
The reserve currency now will return to gold and silver, where it should have been in the first place. A currency back by something physical, not based on hot air and worthless promises of crooked governments and crooked bankers.
Recorded from Newsnight 07 January 2011.
And how do the people that bankroll America like China feel about having their investments devalued? Quantitative Easing will not get the US economy out of the hole they dug themselves in.
Friday, January 7, 2011
Our series premier will feature Nobel Laureate Dr. Joseph Stiglitz, Former World Bank Senior Vice President and Chief Economist & The Honorable Roel Campos, Former Commissioner of the Security and Exchange Commission (SEC) as they discuss "Freefall: America, Free Markets, and the Sinking of the World Economy" and examine challenges and options going forward.
We invite you to view a 10-minute screener of our first episode. Continue to monitor us on Facebook as we will continue to preview upcoming episodes over the course of the next few weeks.
Thursday, January 6, 2011
Lew Rockwell interviews Jorg Guido Hülsmann.
Quantitative easing is designed to bail out the federal debt, but it may presage Weimar.Dr. Hulsmann discusses the evils of central banking and fractional reserves, the blessings of deflation, and how Austrian economists are making vast progress.
Wednesday, January 5, 2011
Just as the Federal Reserve, between 2003 and 2006, increased the Fed Fund Rate from 1% to 5.25%, there was never any monetary tightening because credit growth accelerated...."
Erik Hurst is the V. Duane Rath Professor of Economics and Neubauer Family Faculty Fellow at Chicago Booth. Hurst studies macroeconomic policy, consumption, time use, entrepreneurship, and household financial behavior. His research includes "Life Cycle Prices and Production" forthcoming in the American Economic Review; "Social Security and Unsecured Debt" forthcoming in the Journal of Public Economics; "Liquidity Constraints, Household Wealth, and Entrepreneurship," which appeared in the Journal of Political Economy (2004); "The Correlation in Wealth Across Generations," which appeared in Journal of Political Economy (2003); and "Home is Where the Equity Is: Mortgage Refinancing and Household Consumption," which was published in the Journal of Money, Credit and Banking (2002).
Additionally, his research on "Measuring Trends in Leisure," which appeared in the Quarterly Journal of Economics in 2007, was covered by the New York Times, the Washington Post, and the Economist. His current paper "Conspicuous Consumption and Race" explores the differential spending on status goods between black and white households.
Hurst won the 2006 TIAA-CREF Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security for his article about the transition to retirement titled "Consumption Versus Expenditure," published in the Journal of Political Economy (2005).
He was the inaugural recipient of the John Huizinga Faculty Fellowship in 2005 and was awarded the William Ladany Research Award in 2001, which is given to a junior faculty member with promising research potential. In 2006, he was named a Neubauer Faculty Fellow; the previous year he was named a Charles E. Merrill Scholar, an honor given to Chicago Booth faculty who conduct promising research in the area of policy studies. He also has received grants from the Michigan Retirement Research Center and the Department of Health and Human Services. Prior to moving to Chicago, Hurst won two teaching awards while a graduate student at the University of Michigan. Additionally, in 2008, students in the Full-Time MBA Program selected him as the recipient of the Emory Williams Award for outstanding teaching.
Hurst is a member of the Economic Fluctuations Group, Aging Group, and Public Economics Group at the National Bureau of Economic Research.
He earned a bachelor's degree in economics and finance from Clarkson University in 1993. He received a master's degree in economics in 1995 and a PhD in economics in 1999 from the University of Michigan. Hurst joined the Chicago Booth faculty in 1999.
Tuesday, January 4, 2011
Faber who is the publisher and editor of the famous Gloom, Boom, and Doom report, says gold and silver continue to be under-owned, despite the fact that the prices of these two precious metals have been zooming in the last one year.
Here is Faber’s outlook for 2011 on gold, silver, other commodities, emerging markets, bonds and equity markets:
read more >>>> at http://www.commodityonline.com/news/Marc-Faber-Gold-Silver-prices-to-soar-in-2011-35213-3-1.html
Monday, January 3, 2011
Investor extraordinaire Marc Faber is out with his latest Gloom, Boom, and Doom report, which discusses his outlook for 2011. Here are a few highlights:
1. Equity Markets–Faber believes a correction is imminent for the stock market as bullish sentiment (AAII sentiment) nears record levels and mutual fund cash positions remain very low. Furthermore, the latest upward move in stocks has occurred on declining volume, which is usually bearish from a technical point of view. The correction should occur in January. That being said, you should be buying into the correction as it represents a good buying opportunity. Faber prefers energy companies and speculative stocks such as home builders and even AIG. He goes on to say that the third year of a Presidential cycle is very good for speculative stocks versus traditional blue chip value plays.
Read Full article >>>> at http://wallstreetpit.com/55289-marc-fabers-january-2011-outlook-correction-imminent
During the past year, the nation's food price index rose 12.13 percent.
Basic vegetables are of main concern as consumers complain about being unable to afford certain dietary staples.
The price of onions, for example, has risen by 350%.
Up-scale restaurants have also seen a steady increase in prices these last six months, effecting their profit margins. Although they are able to absorb the price hike right now, the question that remains is: for how long?
In an effort to ease the sting, India's embattled government banned onion exports and scrapped import duties.
High food inflation has dislodged state governments in the past. India's Congress party that leads the ruling coalition has to come up with a solution before the partial state elections later this year.
Al Jazeera's Sohail Rahman reports.
Sunday, January 2, 2011
Saturday, January 1, 2011
The end result according to Williams? A hyperinflationary depression.
Respected Walter J. "John" Williams says govt may start giving out free toilet paper...er...money! economist John Williams, editor of ShadowStats.com, a popular website that tracks real inflation figures, is advising that people hoard physical gold as well as food items in bulk so that they have some means with which to barter as the economic crisis turns ugly.How far down the rabbit hole do you want to go?
well it isn't getting better... what is it going to be like end of the year? or end of 2011?
I hope people are trying to protect them selves..
John Williams from shadowstats.com about the U3 cooked numbers from the government
still reading about bank closures coming.John Williams from ShadowStats.com says buy and store scotch! Put everything you got into canned food and shotguns! And horde scotch and gold oh and buy ammo i think ammo would be a great currency in the future especially if the dollar collapses. 7.62x39 mm and 223
also get handgun ammo, and mres, lambs, pigs, goats, all can be used for barter. hell even rabbits cheap to raise and fur is worth good money.
Three or four years into the future I think we could be in a hyperinflation, within the current year youre going to see much higher inflation than most people are looking at, John Williams told MarketWatch.
Williams said that his definition of hyperinflation would be a situation in which a $100 dollar bill would become more functional as a piece of toilet paper than a store of value.
This is a time when you want to preserve your wealth and assets because inflation will knock the value out of it, he added, advising that people buy physical gold and assets other than the U.S. dollar.
Then when the hyperinflation hits youll see disruption of normal commerce, you wont have enough $100 dollar bills to buy what you want, said Williams, adding that items to barter with, such as a bottle of scotch, would be more valuable than actual cash, even in large quantities.
Williams said that such items should be procured now in bulk so people had some means with which to barter and get them through rough times.
At least as far back as April 2008, six months before the collapse of Lehman Brothers and Bear Stearns, Williams predicted that the world economy was entering a phase of hyperinflationary depression that would peak in 2010.
In a hyperinflation special report, Williams said that the U.S. was on an irreversible course of financial armageddon that would likely lead to extreme political change and/or civil unrest.
Top trends forecaster Gerald Celente has echoed Williams advice, remarking recently that putting food on the table will become a primary concern over buying gifts at Christmas.The J.P. Morgan [banking] interests and Global Bankers found it was only necessary to purchase the control of 25 of the greatest papers. ...an editor was furnished for each paper to properly supervise and EDIT information etc etc
Define HIGH TREASON America, do Police Protect Criminals Now?? G20?
this is what happens when you do not include home prices in the inflation index, when you let home prices increase to high that means personal debt is really huge ie mortgages in order for people to pay off all these mortgages you have to keep increasing the money supply or face a shortage of cash to pay off these huge debts
Dr. Marc Faber Tomorrow's Gold
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.
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